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Establish statutory SME panels to advise departments and monitor SME Plan impact.

Recommendation
The Government should, as part of its forthcoming Industrial Strategy Bill, create statutory micro, small and medium sized enterprise panels. These panels would advise departments on small business policy. A first task for these panels should be to develop metrics for assessing the impact of the SME Plan over the course of this Parliament. The Government should then present its performance against these metrics to Parliament on an annual basis. (Recommendation, Paragraph 229) 80
Addressee Bodies
Department for Business and Trade
Timeline
Recommendation age 0.3 yrs
Report published 11 Feb 2026